Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1370626 Comments:2390
The chart on the right shows U.S oil consumption. Take a look at the past few years: oil consumption has dropped nearly 2 million barrels per day since 2007. Over the same period, U.S. imports of oil have dropped 2.1 million barrels per day.
That's 4 MMBD and what the author does not realize is that,
Yes, we can and WILL stop oil imports.
The problem is the reason we're stopping.
There's No Return on Consumption.
No burning/wasting oil, no economic growth.
Which is why that Stat above also tells us how bad the Depression now is....;}
And speaking of debt...
How does the Lender get his collateral back on a loan for oil when the oil has been burned up....;}
The chart on the right shows U.S oil consumption. Take a look at the past few years: oil consumption has dropped nearly 2 million barrels per day since 2007. Over the same period, U.S. imports of oil have dropped 2.1 million barrels per day.
That's 4 MMBD and what the author does not realize is that,
Yes, we can and WILL stop oil imports.
The problem is the reason we're stopping.
There's No Return on Consumption.
No burning/wasting oil, no economic growth.
Which is why that Stat above also tells us how bad the Depression now is....;}
And speaking of debt...
How does the Lender get his collateral back on a loan for oil when the oil has been burned up....;}
mcgowanjm posted on 2012-06-29 10:14:53 ET Reply Trace Private Reply #2. To: mcgowanjm (#1)
Which is why that Stat above also tells us how bad the Depression now is....;}
That could be part of it. However, the freeways and toll roads are still full of cars. Traffic is as bad as ever here in SoCal.
“When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist.” Dom Hélder Pessoa Câmara, Archbishop of Olinda and Recife, also known as the ‘Bishop of Corum’
Robin posted on 2012-06-29 10:20:58 ET Reply Trace Private Reply #3. To: Robin (#2) (Edited)
That could be part of it. However, the freeways and toll roads are still full of cars. Traffic is as bad as ever here in SoCal.
4 MMBD from 22 MMBD = 18 MMBD.
www.ceridianindex.com/index.php
The UCLA pulse of Commerce Index.
It's rolling over now.
To match this.
And Wonder how each and every one of those vehicles is paying for the fuel/car they're driving....;}
mcgowanjm posted on 2012-06-29 13:10:25 ET (1 image) Reply Trace Private Reply
